A company uses the periodic inventory system and had the following activity during the current monthly period. November 1:Beginning inventory100 units @ $20November 5:Purchased100 units @ $22November 8:Purchased50 units @ $23November 16:Sold200 units @ $45November 19:Purchased50 units @ $25Using the weighted-average inventory method, the company's ending inventory would be:
A. $2,400
B. $2,200
C. $2,250
D. $2,000
E. $4,400
Answer: B
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